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, In 2017, more than 3 million graphics cards were bought by miners, with a total value of about 776 million US dollars, with an average of more than 250 US dollars per piece, and they were all mid-to-high-end cards, with AMD graphics cards accounting for the majority.
It can be seen that blockchain technology is redefining the way computer hardware is used. Under the incentive of mining, the graphics card industry is booming.
Graphics card company gains
Mining has greatly increased the price of graphics cards, and players need to bear a considerable premium to purchase graphics cards. For example, the Nvidia GTX 1070 originally had an MSRP of $380, but its been selling for $700 in recent months. In addition, high-volume stock-outs not only affect corporate users, but even the scientific research community (scientists need strong graphics processing power for astronomy, genetics, mathematics, etc.). Although the cryptocurrency market is now down, experts predict that the price of graphics cards will continue to rise.
According to statistics, the business of major graphics card companies such as AMD and Nvidia has not been affected at all, and the graphics card market is expected to reach $157 billion by 2022.
Blockchain technology builds a cloud computing platform
In addition to mining, blockchain technology is also promoting the development of graphics cards. The blockchain provides people with a new idea: a distributed network can gather all the computing power of users to create a virtual supercomputer.
Now some technology giants have developed cloud computing centers, such as Google Cloud Services, Amazon Cloud Web Services, Nvidia, Alibaba, etc., but blockchain companies are preparing a new general model of cloud computing to compete with giant companies .
For example, the online rendering company Leonardo Render started a blockchain project. This project can gather the computing power of graphics cards in the network to provide users with low-cost computing power, and customers can use this computing power for real-time rendering services. At present, Leonardo Render has cooperated with the graphics card hosting company Giga-Watt.
With the ever-increasing demand for computing power from software and the escalation of mining enthusiasm, more and more users will face unsolvable computing needs. The blockchain can revolutionize the sales model of the graphics card industry, create a huge blockchain computing power network, and enable users and enterprises to use these networks to generate huge value.
(I am Zhao Huanxin, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat 17778170972 for breaking news and communication. Please note your name, unit, position and reason.)
